149
149
Jul 11, 2011
07/11
by
CSPAN
tv
eye 149
favorite 0
quote 0
they have a small percentage of what we're wasting trying to build infrastructure in afghanistan. the notion that the $90 million more that we need for the cftc because of the deficit is nonsense. they want to turn the sec into a profit center. you have a catch-22. first denied the sec and the cftc adequate funding. they in turn will not be able to deal with the rulemaking requirements that they have. because they have not been able to move as quickly on the rolls, the rules have to be abolished. that is something they have imposed. you want the sec and the cftc to have smart people and good information technology. this does not come from the financial institutions. got the rules,, you m will run.e the other problem we have is i have been disappointed in the appointments from the obama administration. we knew last august that the comptroller of the currency had to be appointed but they only now come up with tom curry. the failure of pointing -- appointing someone to the cftb. a bank manager was brutally rejected. he was a disrespectful person by the republicans and now they will c
they have a small percentage of what we're wasting trying to build infrastructure in afghanistan. the notion that the $90 million more that we need for the cftc because of the deficit is nonsense. they want to turn the sec into a profit center. you have a catch-22. first denied the sec and the cftc adequate funding. they in turn will not be able to deal with the rulemaking requirements that they have. because they have not been able to move as quickly on the rolls, the rules have to be...
107
107
Jul 27, 2011
07/11
by
CSPAN
tv
eye 107
favorite 0
quote 0
the cost of the war in iraq and afghanistan. it this far outpaces anything. just the war costs in the tax cuts alone, what day account for are the debt. the way you get out of this debt is to pile all of this burden on middle income families and senior citizens. they're the most vulnerable. it is just plain wrong. this is outrageous. ..will close with this bi the house of riverses appears to be here. president obama has put a lot on the table. he put some that makes me very uncomfortable. he has gone the extra mile by any objective analysis. we're close to this deadline. these are something that does not recommend a conference bridge a compromise. it was right off a cliff ticket we should not be doing this. we should be finding ways to come together. let's move on. i regret that we are her we do not even know what the you're going to bring to the floor. i've never experienced a thing like this before. i regret that we are here. i thank you very much for being here. i wish your counterpart were here. >> thank you. >> thank y vermuch. how many hearings has this
the cost of the war in iraq and afghanistan. it this far outpaces anything. just the war costs in the tax cuts alone, what day account for are the debt. the way you get out of this debt is to pile all of this burden on middle income families and senior citizens. they're the most vulnerable. it is just plain wrong. this is outrageous. ..will close with this bi the house of riverses appears to be here. president obama has put a lot on the table. he put some that makes me very uncomfortable. he...
140
140
Jul 28, 2011
07/11
by
CSPAN
tv
eye 140
favorite 0
quote 0
first of all, the savings gleaned by winding down the borders and afghanistan -- te borders and afghanistan -- te war -- the wars in afghanistan, social e -- to slash security benefits or education spending. you would then count that as a savings. paul ryan, when he submitted his budget -- this is the result. any policy decision you make is a choice of how much money to spend, and that is what these decisions are. are we going to save $1 trillion because of the policy decisions of this president? i would say yes, and i encourage you to write and talk about it. they are good decisions for fiscal health. they are legitimate. they're part of any serious they're part of any serious bipartisan compromise . we have identified, in great detail, significant spending cuts in domestic spending cuts. extraordinarily difficult savings and entitlement programs that we would be willing, the president would be willing to make a case to his own party in the name of accomplishing something very big. it would fix this problem for a long time and put us on sound economic footing in the twenty first century. t
first of all, the savings gleaned by winding down the borders and afghanistan -- te borders and afghanistan -- te war -- the wars in afghanistan, social e -- to slash security benefits or education spending. you would then count that as a savings. paul ryan, when he submitted his budget -- this is the result. any policy decision you make is a choice of how much money to spend, and that is what these decisions are. are we going to save $1 trillion because of the policy decisions of this...
220
220
Jul 26, 2011
07/11
by
CSPAN
tv
eye 220
favorite 0
quote 0
part -- the other factor is that we are now drawing down the cost of our military efforts in afghanistan and iraq. last year we spent a little over $150 billion. this year we'll spend a little over $100 billion. and the plan is to soon be down to at least $50 billion in two or three years. so over the ten-year period there'll be about eight years at nearly $50 billion or so spent on the war instead of $150 billion. that's part of thelan that we've been operating on for a long time. $150 billion for the w is not baseline expenditure of the united states. it was never projected to continue at that level, so hopefully we could bring it below $50 billion. maybe we went get to $50 billion. i don't know. but what is the reasonable estimate? i think the house republicans and the president said it would drop to $50 billion, and that would be the baseline out there for the rest of the time. that's $1 trillion. that's $1 trillion. so you take $1 trillion out of the $2.7 trillion, you're down to $1.7 trlion. and another thing that's scored in tt, since that $1 trillion in war costs is scored the wa
part -- the other factor is that we are now drawing down the cost of our military efforts in afghanistan and iraq. last year we spent a little over $150 billion. this year we'll spend a little over $100 billion. and the plan is to soon be down to at least $50 billion in two or three years. so over the ten-year period there'll be about eight years at nearly $50 billion or so spent on the war instead of $150 billion. that's part of thelan that we've been operating on for a long time. $150 billion...
123
123
Jul 19, 2011
07/11
by
CSPAN
tv
eye 123
favorite 0
quote 0
we are borrowing $10 billion a month for afghanistan. and yet we're saying we're going to balance the budget by going after poor people, senior citizens, by going after pell grants. if people talk about jobs. you have to invest to create jobs. you cut these programs and it is hard to be competitive in these economies. when you cut money for education and transportation infrastructure, it becomes more difficult to become competitive. we need to be smart about this. this approach of exempting corporate welfare, to me, is egregious. let me finally say this, and that is, i will and as i began here, i thought we would be coming back talking about how we're getting closer. and this built the best i can, i hope this is just bad political theater -- but this bill is a sharp right turn grid it moves us further away from where i thought we were getting too. i hope it does not delay our ability to come to some sort of an agreement between the congressional leadership and the white house. i hope this is not something that further fuels this notion t
we are borrowing $10 billion a month for afghanistan. and yet we're saying we're going to balance the budget by going after poor people, senior citizens, by going after pell grants. if people talk about jobs. you have to invest to create jobs. you cut these programs and it is hard to be competitive in these economies. when you cut money for education and transportation infrastructure, it becomes more difficult to become competitive. we need to be smart about this. this approach of exempting...
120
120
Jul 19, 2011
07/11
by
CSPAN
tv
eye 120
favorite 0
quote 0
we are borrowing $10 billion a month for afghanistan. and yet we're saying we're going to balance the budget by going after poor people, senior citizens, by going after pell grants. people talk about jobs. you have to invest to create jobs. you cut these programs and it is hard to be competitive in these economies. when you cut money for education and transportation infrastructure, it becomes more difficult to become competitive. we need to be smart about this. this approach of exempting corporate welfare, to me, is egregious. let me finally say this, and that is, i will end as i began here, i thought we would be coming back talking about how we're getting closer. and this bill, the best i can -- i hope this is just bad political theater -- but this bill is a sharp right turn. it moves us further away from where i thought we were getting . i hope it does not delay our ability to come to some sort of an agreement between the congressional leadership and the white house. i hope this is not something that further fuels this notion that some
we are borrowing $10 billion a month for afghanistan. and yet we're saying we're going to balance the budget by going after poor people, senior citizens, by going after pell grants. people talk about jobs. you have to invest to create jobs. you cut these programs and it is hard to be competitive in these economies. when you cut money for education and transportation infrastructure, it becomes more difficult to become competitive. we need to be smart about this. this approach of exempting...
129
129
Jul 29, 2011
07/11
by
CSPAN
tv
eye 129
favorite 0
quote 0
it says that, imagine that we're at war for 10 years, in afghanistan and iraq at surge levels. we assume we're going to be fighting this war for 10 more years, with over 100,000 troops in afghanistan and oh, gosh, wait, we're going to withdraw our troops in 2014. $1 trillion in savings. i've got a better idea. let's pass a bill to cover the moon with yogurt that will cost $5 trillion today. and then let's pass a bill the next day to cancel that bill. we could save $5 trillion. wait, i've got a better idea. our debt is $14 trillion. let's come up with a new plan to spend $14 trillion, then rescind it the next day and let's save $14 trillion. this stuff is fiscal fantasy. you can't make this stuff up, mr. speaker. suggesting that we're going to be in a war at these levels for 10 more years when everybody knows we've already decided not to do that, that does not get us $1.3 trillion in spending cuts. only in washington can you add up math like that. we need real spending cuts. i yield myself an additional minute to say, this is getting serious, mr. speaker. very serious. we can't
it says that, imagine that we're at war for 10 years, in afghanistan and iraq at surge levels. we assume we're going to be fighting this war for 10 more years, with over 100,000 troops in afghanistan and oh, gosh, wait, we're going to withdraw our troops in 2014. $1 trillion in savings. i've got a better idea. let's pass a bill to cover the moon with yogurt that will cost $5 trillion today. and then let's pass a bill the next day to cancel that bill. we could save $5 trillion. wait, i've got a...
160
160
Jul 20, 2011
07/11
by
CSPAN
tv
eye 160
favorite 0
quote 1
. -- in iraq and afghanistan. host: why did they see this as an area that need to be filled? guest: the problem has been wrapped up in the general difficulties. it turns out a lot of homes have gone into -- a lot of people have gone into default of mortgages. some companies are better than others at collecting monthly payments and keeping track of paperwork. the ones have proved not to be so good at it have caught service members in the riptide. we have not gotten your payment, we over charge them. foreclosure. that sort of thing going on. this has been a politically embarrassing process of writing wrongs done against members of the military in active duty. host: gym as white as a deployed serviceman and against paying his mortgage -- jim asked why a deployed servicemen against paying his mortgage? guest: he is not exempt against paying his mortgage. is exempt against being foreclosed on. as it has been explained to me, a service member might be in the field for a week or two and have virtually no contact with the
. -- in iraq and afghanistan. host: why did they see this as an area that need to be filled? guest: the problem has been wrapped up in the general difficulties. it turns out a lot of homes have gone into -- a lot of people have gone into default of mortgages. some companies are better than others at collecting monthly payments and keeping track of paperwork. the ones have proved not to be so good at it have caught service members in the riptide. we have not gotten your payment, we over charge...
149
149
Jul 29, 2011
07/11
by
CSPAN
tv
eye 149
favorite 0
quote 0
courtney: starting with iraq and afghanistan wars, two wars which, again, lots of debate about whether it was in our national interest, but in any case what is not debatable is that we never paid for a penny of either one of those conflicts. the bush tax cuts, $1.8 trillion . nondefense discretionary spending, $608 billion. tarp, the wall street bailout, which a lot of people forget occurred under the last administration, a medicare drug benefit which was passed in 2005 which was never paid for, not a nickel of that benefit was ever paid for. we were either offsetting revenue or other -- with either offsetting revenue or other spending reductions. and the 2008 stimulus bill which the bush administration had presented, a lot of people don't remember the check they got sent during that time for, again, none of those expenditures were paid for and many of those expenditures such as the bush tax cuts and the iraq and afghanistan war are still recurring expenses which are still accumulating bills and debts which this country is obligated for. when the obama administration took office in jan
courtney: starting with iraq and afghanistan wars, two wars which, again, lots of debate about whether it was in our national interest, but in any case what is not debatable is that we never paid for a penny of either one of those conflicts. the bush tax cuts, $1.8 trillion . nondefense discretionary spending, $608 billion. tarp, the wall street bailout, which a lot of people forget occurred under the last administration, a medicare drug benefit which was passed in 2005 which was never paid...
133
133
Jul 29, 2011
07/11
by
CSPAN
tv
eye 133
favorite 0
quote 0
right now we borrow $10 billion every month for military operations in afghanistan alone to prop up a corrupt and incoetent karzai government. how about ending wasteful subsidies to big agriculture companies? how about asking billionaire hedge fund managers to pay the same tax rates as their secretaries? the truth is that the best way to deal with our long-term fiscal situation is to grow our economy. that means creating jobs and putting people back to work. the last election i thought was about jobs. we haven't talked about jobs at all since the new republican majority became -- came to power. that means investing in things like education and inastructure and green technology and medical research. that's the kind of economic future the american people deserve. the boehner default plan would take us exactly in the wrong direction and urge my colleagues on both sides of the aisle to reject it. i yield back the balance of my time. the speaker pro tempore: the gentleman yields back the balance of his time. the gentleman from california has 5 1/2 minutes remaining. the gentleman is recogn
right now we borrow $10 billion every month for military operations in afghanistan alone to prop up a corrupt and incoetent karzai government. how about ending wasteful subsidies to big agriculture companies? how about asking billionaire hedge fund managers to pay the same tax rates as their secretaries? the truth is that the best way to deal with our long-term fiscal situation is to grow our economy. that means creating jobs and putting people back to work. the last election i thought was...